Seasoned trader reveals the remaining days before Bitcoin hits its low

crypthub

about 3 hours ago

Bitcoin Enters Bear Market

Bitcoin has officially moved into a cyclical bear market after a prolonged side‑way phase and a drop below $65,000. Analysts expect continued volatility and further price pressure. Crypto Patel estimates the true bottom may be roughly 253 days away, based on multi‑cycle analysis.

Past Cycles Guide Timing

The 2018 and 2022 bear markets each lasted about 395 days, ending near an upward‑sloping support line after deep price collapses of 84% and 78% respectively. In both cases extreme fear peaked as the market neared exhaustion. Patel argues that this historic timing pattern is crucial for forecasting Bitcoin’s next bottom.

Projected Decline and Recovery

Using the prior crashes as a benchmark, Patel predicts a 68% correction that could push Bitcoin to around $40,000, possibly over a 395‑day period. After hitting that low, he expects a massive rebound, targeting a 610% rise to roughly $304,000. The $38,000 level is highlighted as a key support or entry point for investors.